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Author Topic: What stage of adoption is Crypto currently at?  (Read 2751 times)
KennyR
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March 02, 2018, 08:41:52 AM
 #101

Bitcoin is at the early days of massive adoption. Now this could have grown much high in value with large number of user network. Due to some sort of FUD spreading quite often the panic scenario prevails around the community causing a dilemma among the users whether to be a part of cryptocurrency or not.

The_Dark_Knight
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March 03, 2018, 02:11:03 AM
 #102

Bitcoin is at the early days of massive adoption. Now this could have grown much high in value with large number of user network. Due to some sort of FUD spreading quite often the panic scenario prevails around the community causing a dilemma among the users whether to be a part of cryptocurrency or not.
I also think we are at the stage in which mass adoption is just beginning which means we are in a good shape because if that is the case then we could easily see a price increase of bitcoin like we have never seen before, my goal for bitcoin is something like 70k we are very far way from that number but I think it may be possible to reach in a decade and if mass adoption happens then that number is a real possibility.
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March 03, 2018, 11:27:27 AM
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 #103

Early adoption?! Where on earth did that come from. Bitcoin is way passed early adoption. Since it got onto the mainstream media many people jumped straight away to get Bitcoin. This is what caused the previous price hype.

But saying this we have a while to go. Bitcoin is stored banned by many countries. One of the most recent countries to do this is India, where they banned all ICO activities and cryptocurrencies.

So taking this all into account, I'd say we are about three quarters of the way there.
Everyone has his own way of looking up at the things and then he makes the assumptions based on his own perception. Up till now, there is only 1% of the population who know about this concept of the crypto currencies and most of them amongst those have not even started investing their money into it so far. So I think, bitcoin is still at the beginning stages of its adoption and that it will take time for things to be in favor of bitcoin.
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March 03, 2018, 02:23:28 PM
 #104

Early adoption?! Where on earth did that come from. Bitcoin is way passed early adoption. Since it got onto the mainstream media many people jumped straight away to get Bitcoin. This is what caused the previous price hype.

But saying this we have a while to go. Bitcoin is stored banned by many countries. One of the most recent countries to do this is India, where they banned all ICO activities and cryptocurrencies.

So taking this all into account, I'd say we are about three quarters of the way there.
Everyone has his own way of looking up at the things and then he makes the assumptions based on his own perception. Up till now, there is only 1% of the population who know about this concept of the crypto currencies and most of them amongst those have not even started investing their money into it so far. So I think, bitcoin is still at the beginning stages of its adoption and that it will take time for things to be in favor of bitcoin.

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Everyone has his own way of looking up at the things and then he makes the assumptions based on his own perception.
so are you saying that your statement is only based on your perception?

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. Up till now, there is only 1% of the population who know about this concept of the crypto currencies and most of them amongst those have not even started investing their money into it so far.
1% is too little enough. i mean for me in my own views , i see that bitcoin is now verry popular and every people on the planet is posibly heard of it and recognized it, not only in online world but also in offline environments because there were many services right now that accepts bitcoin in terms of payment method. overall i would say there are 45% Of the population are now aware with bitcoin or cryptos.

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So I think, bitcoin is still at the beginning stages of its adoption and that it will take time for things to be in favor of bitcoin.
i agree on this, i also heard many times that people keep saying that bitcoin is still on its infant stage and we can still expect more of it in the future.  I guess there were still many developments that may occur soon.

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March 03, 2018, 02:58:55 PM
 #105

Just wanted to know where you guys think we are. Are we still in the early adoption stage?

We are not yet facing the adoption part, but antagonism if we take Governments and some active regulatory bodies into consideration. If we talk about ourselves, we've already adopted it as one of the major parts of our life and people like me try to save more and more as we know now that this is the future. Those who (hardly) don't know about Bitcoins yet, will surely be one of the most unluckiest persons in this world in future (you'll see in 2020).

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At what stage of the dot com era would you put us at? Dial up lol?

We're currently at the stage when "internet" got viral and started being used as "wildfire".  Tongue

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Biggapp
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March 04, 2018, 07:22:40 PM
 #106

Just wanted to know where you guys think we are. Are we still in the early adoption stage?

We are not yet facing the adoption part, but antagonism if we take Governments and some active regulatory bodies into consideration. If we talk about ourselves, we've already adopted it as one of the major parts of our life and people like me try to save more and more as we know now that this is the future. Those who (hardly) don't know about Bitcoins yet, will surely be one of the most unluckiest persons in this world in future (you'll see in 2020).

Quote
At what stage of the dot com era would you put us at? Dial up lol?

We're currently at the stage when "internet" got viral and started being used as "wildfire".  Tongue
We are at a level where we can literally feel that the world has become the global village and the things which were considered to be very very far away once have really got as close as just a click away. And also the methods of doing the same works have become so fast that if we don’t know them, then we end up loosing ourselves. Just like bitcoin, it is a virtual currency but the effects are really very very effective as far as profits, transferring, savings and encashment are concerned.
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March 06, 2018, 08:18:24 PM
 #107

We're definitely getting there and exchanges (Binance, Poloniex, etc.) closing registration because they can no longer handle more users is a proof of that. I say we give bitcoin one more year, after that, almost every service will be in the process of adding it as a payment method (assuming that we will have LN stable and working by then).

Very much agreed. There is a lot of buzz around the inevitable adoption of blockchain technology as a secure payment method of the future in almost every service and setting, agnostic of specific cryptocurrency. Check out this article/video from Robert Herjavec with his opinion...

https://www.robertherjavec.com/blockchain-technology-here-to-stay/
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March 11, 2018, 03:07:48 AM
 #108

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March 11, 2018, 04:44:20 AM
 #109

I believe we are still in the early stage and soon going into the growth stage. Crypto is still not even massively adopted and regulations haven't even fully been established world-wide yet although by next year things might be in place it's still early. Once the groundwork is laid then you will see more of a major adoption but for now it's still seen as the Wild West.

That's why I believe in this company and those like it who will create a vision for making crypto mainstream, I believe this ICO will do well.

https://bitcointalk.org/index.php?topic=3085831.0
tee-rex
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March 11, 2018, 09:01:10 AM
 #110

Early adoption?! Where on earth did that come from. Bitcoin is way passed early adoption. Since it got onto the mainstream media many people jumped straight away to get Bitcoin. This is what caused the previous price hype.

But saying this we have a while to go. Bitcoin is stored banned by many countries. One of the most recent countries to do this is India, where they banned all ICO activities and cryptocurrencies.

So taking this all into account, I'd say we are about three quarters of the way there.

I don't think we are anywhere close to even early stages of genuine adoption. Bitcoin and other cryptocurrencies have been pure speculation so far. They are not used in commerce as a means of payment. And to me, this is the only adoption that really counts in the long run. Crypto is more like dotcoms of the early 2000's now, and whether it won't end with nothing is not set in stone either. As much as I myself would like things to be different, we should face the facts and not live in a sort of pipe dream.
The_Dark_Knight
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March 11, 2018, 04:34:07 PM
 #111

Early adoption?! Where on earth did that come from. Bitcoin is way passed early adoption. Since it got onto the mainstream media many people jumped straight away to get Bitcoin. This is what caused the previous price hype.

But saying this we have a while to go. Bitcoin is stored banned by many countries. One of the most recent countries to do this is India, where they banned all ICO activities and cryptocurrencies.

So taking this all into account, I'd say we are about three quarters of the way there.
Everyone has his own way of looking up at the things and then he makes the assumptions based on his own perception. Up till now, there is only 1% of the population who know about this concept of the crypto currencies and most of them amongst those have not even started investing their money into it so far. So I think, bitcoin is still at the beginning stages of its adoption and that it will take time for things to be in favor of bitcoin.
Yes, we're so far away from mass adoption that is incredible to think about how high the price is with such a low amount of the population using it, the price will skyrocket when people begin to use it massively this is why many of us are holding our coins, even if you don't have a lot of it you can definitely benefit from it if you are able to hold to that point.
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March 11, 2018, 10:16:56 PM
 #112

Just wanted to know where you guys think we are. Are we still in the early adoption stage?

At what stage of the dot com era would you put us at? Dial up lol?
Not that early anymore, I've talked to some of my friends who are also good in economics and invested to other investments such as stocks and real estate. They know the risk of getting in to crypto now to be specific with bitcoin. They don't look at any other altcoin, they are monitoring it's movement and they don't want to take the risk anymore and one word they said, "it's too late." for them. I guess we're in the era now of where Friendster is becoming popular, the start of social media's.


In my perspective, we still have a few good ALTS that is worth investing in, an educated mind in business and economics will likely to go into real world investments. I know that they are just getting practical, but I think they need more time in understanding the blockchain. Way back in the 20's many people considered the internet as being widely adopted yet only has the mind and guts to explore what is lacking in the internet that time. And some of them are billionaires now. Not just merely millionaires.

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March 12, 2018, 03:59:47 AM
 #113

Just wanted to know where you guys think we are. Are we still in the early adoption stage?

At what stage of the dot com era would you put us at? Dial up lol?
Not that early anymore, I've talked to some of my friends who are also good in economics and invested to other investments such as stocks and real estate. They know the risk of getting in to crypto now to be specific with bitcoin. They don't look at any other altcoin, they are monitoring it's movement and they don't want to take the risk anymore and one word they said, "it's too late." for them. I guess we're in the era now of where Friendster is becoming popular, the start of social media's.


In my perspective, we still have a few good ALTS that is worth investing in, an educated mind in business and economics will likely to go into real world investments. I know that they are just getting practical, but I think they need more time in understanding the blockchain. Way back in the 20's many people considered the internet as being widely adopted yet only has the mind and guts to explore what is lacking in the internet that time. And some of them are billionaires now. Not just merely millionaires.
Changes in the economy take time for society to accept and blockchain as well as cryptocurrency. Although this market is getting great support, it still takes time for the whole world to accept it and I believe that day will not be far away. Only projects that are created with breakthrough ideas and practical meaning, then I think the project will be successful.
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March 12, 2018, 05:42:53 AM
 #114

Just wanted to know where you guys think we are. Are we still in the early adoption stage?

At what stage of the dot com era would you put us at? Dial up lol?

Definitely not. Most people already know what cryptocurrency is. Even my friends at uni are already talking about and have a chat group for it LOL. This is unheard of in 2013. Take a look at this picture



I think we're already at stage 4 — maturity. People who joined recently are considered late majority. One thing, I really hope we don't have to see the decline of cryptocurrency in our lifetime. There are still a lot of things to be developed in crypto, a lot of innovation could be made, so that cycle of adoption could always be renewed/revised.
When we do talk about bitcoin existence awareness including altcoins in the market then we are on stage on where it is already becoming the trend and i do believe we are still on the middle where theres still people which doesnt even know cryptocurrency exist. We are not on early adoption stage since bitcoin is already 8 years but one thing is rest assured this thing will really go further. Choosing on the visual i can say we are on stage 3.

I would say we are still in the stage 3. Cryptocurrency are still growing and yes, not all people know what cryptocurrency is. They heard bitcoin but when you mention blockchain they are blank also about it. There are still many things to learn about cryptocurrency since many people  just like I said have not heard it yet.
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March 12, 2018, 11:36:09 AM
 #115

I believe we are still in the early stage and soon going into the growth stage. Crypto is still not even massively adopted and regulations haven't even fully been established world-wide yet although by next year things might be in place it's still early. Once the groundwork is laid then you will see more of a major adoption but for now it's still seen as the Wild West.

That's why I believe in this company and those like it who will create a vision for making crypto mainstream, I believe this ICO will do well.

https://bitcointalk.org/index.php?topic=3085831.0
It has not been so long for these crypto currencies to be there in this world and that they still need to get some very good period of time for them to make their name in the international market and above all amongst the people.

Though all the crypto currencies are going very good and people are investing in it but still all of the crypto currencies are at its early stages and that it needs time to get some better reputation.
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March 12, 2018, 04:36:20 PM
 #116

I believe we are still in the early stage and soon going into the growth stage. Crypto is still not even massively adopted and regulations haven't even fully been established world-wide yet although by next year things might be in place it's still early. Once the groundwork is laid then you will see more of a major adoption but for now it's still seen as the Wild West.

That's why I believe in this company and those like it who will create a vision for making crypto mainstream, I believe this ICO will do well.

https://bitcointalk.org/index.php?topic=3085831.0
It has not been so long for these crypto currencies to be there in this world and that they still need to get some very good period of time for them to make their name in the international market and above all amongst the people.

Though all the crypto currencies are going very good and people are investing in it but still all of the crypto currencies are at its early stages and that it needs time to get some better reputation.

cryptos is not already new and they been already existed for about 9 years.so i guess their adoption is now on the middle and yes it can still improve more as the time goes by because there were still people that doesnt actually know these cryptocurencies. i think they should also recognized it soon if they were given a time. cryptos do also need to be expose more on the public in ordef to gain trust and credibility , so that people will easily believe in it.
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March 12, 2018, 09:31:43 PM
 #117

Just wanted to know where you guys think we are. Are we still in the early adoption stage?

At what stage of the dot com era would you put us at? Dial up lol?

actually we are late on the era of cryptocurrency and most of the people who invest earlier are already rich but still there's no need to worry because there are ico's today who are existing in this forum and we can work on their bounty campaign to earn altcoins.

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March 12, 2018, 09:37:49 PM
 #118

Just wanted to know where you guys think we are. Are we still in the early adoption stage?

At what stage of the dot com era would you put us at? Dial up lol?

actually we are late on the era of cryptocurrency and most of the people who invest earlier are already rich but still there's no need to worry because there are ico's today who are existing in this forum and we can work on their bounty campaign to earn altcoins.
You do have a point but not completely agree on this matter.There might be already some millionaires on this era because of crypto but it doesn't mean that it is already too late to make yourself to engage with it.If we do try to look at the current percentage of people who are into crypto towards the whole population of the entire world then we are just still on few percentage which means theres still lots of space on potentially to spread out when it comes to acceptance and awareness.

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March 13, 2018, 12:09:27 AM
 #119

Well they say when your taxi driver starts mentioning it you've probably reached mass adoption and my taxi driver did in fact mention cryptocurrency to me the the litmus test failed. I don't think we're at mass adoption yet though. Cryptocurrency seems to rise in bursts of publicity and then falls somewhat flat for a while. It's like repeated dot coms
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March 14, 2018, 06:14:06 PM
 #120

Early adoption?! Where on earth did that come from. Bitcoin is way passed early adoption. Since it got onto the mainstream media many people jumped straight away to get Bitcoin. This is what caused the previous price hype.

But saying this we have a while to go. Bitcoin is stored banned by many countries. One of the most recent countries to do this is India, where they banned all ICO activities and cryptocurrencies.

So taking this all into account, I'd say we are about three quarters of the way there.
Everyone has his own way of looking up at the things and then he makes the assumptions based on his own perception. Up till now, there is only 1% of the population who know about this concept of the crypto currencies and most of them amongst those have not even started investing their money into it so far. So I think, bitcoin is still at the beginning stages of its adoption and that it will take time for things to be in favor of bitcoin.
Well, beginning stage also have categories, and it is either you are an innovator or an early adopter which we both know that the innovator's stage has passed already anyway. Right now, what we are presently seeing are the early adopters.

Some may think bitcoin's value has increased hugely already but like you said, we are not even close considering the population of users with respect to the global population which we know there is still more chance to see additional people stepping into the show in the long run.
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